Tamilnad Mercantile Bank (TMB) has announced strategic partnerships with two fintech companies, Rugr FinTech Private Limited and Fin Meadows Technologies Private Limited, to enhance its UPI collection capabilities. The collaboration with Rugr FinTech positions TMB as a referral partner to source RBI-licensed Payment Aggregators (PAs) for UPI merchant collections. This initiative will utilize TMB's Hosted UPI Switch – TechFini, procured from Fin Meadows Technologies, to provide a secure and scalable UPI acquiring infrastructure. The goal is to strengthen TMB's digital payment ecosystem by allowing regulated Payment Aggregators and Gateways to process UPI transactions through TMB's platform, ensuring high success rates and regulatory compliance. In parallel, the partnership with Fin Meadows Technologies, as a Technology Service Provider (TSP), aims to bolster TMB's UPI infrastructure. This collaboration will facilitate faster, more secure, and scalable UPI solutions for payment aggregators, NBFCs, merchants, and fintech partners. Beyond merchant payments, the TechFini UPI Switch will extend UPI use cases to lending and collections through its UPI Autopay solution, enabling NBFCs and digital lenders to automate EMI and loan repayments directly from customer bank accounts via UPI Mandate. The TechFini Switch is a cloud-native platform capable of processing up to 10,000 transactions per second. Mr. Salee S. Nair, Managing Director & CEO of TMB, stated that these partnerships mark significant milestones in the bank's digital journey, combining TMB's banking platform with fintech expertise and advanced UPI infrastructure to deliver seamless payment solutions and strengthen the UPI ecosystem. Mr. Arangasamy .K.V, Managing Director of Rugr FinTech, and Mr. Jaikumar R, Co-Founder & CTO of TechFini, expressed enthusiasm about the collaborations, emphasizing the focus on driving transaction success rates, compliance, and supporting India's digital payment growth.